Amrapali Diverted Homebuyers’ Money To Firm Linked To MS Dhoni: Auditors

Amrapali Diverted Homebuyers' Money To Firm Linked To MS Dhoni: Auditors

Rhiti Sports Management promotes the brand of cricketer Mahendra Singh Dhoni

New Delhi: 


  1. Top court has directed NBCC to complete stalled Amrapali Group projects
  2. Auditors say Amrapali Group entered into several agreements with Rhiti
  3. Rhiti Sports Management promotes brand of cricketer MS Dhoni

Amrapali Group had entered into “sham agreements” with Rhiti Sports Management Pvt Ltd (RSMPL) –  which promotes the brand of cricketer Mahendra Singh Dhoni – to “illegally divert” homebuyers’ money, forensic auditors told the Supreme Court. In its report, accepted by the top court on Tuesday, the court-appointed auditors said that Amrapali Sapphire Developers Pvt Ltd had paid Rs. 6.52 crore to Rhiti Sports Management during 2009-2015, out of the total amount of Rs. 42.22 crore.

Several agreements were entered into by Amrapali Group with Rhiti Sports Management, including one of November 22, 2009, under which MS Dhoni would make himself available to the chairman for three days along with one representative of RSMPL, the report added.

(Also read: Supreme Court says JP Morgan, banks helped Amrapali group divert funds)

“There are no documents held on record for compliance of this condition,” forensic auditors Ravi Bhatia and Pawan Kumar Aggarwal said in their report.

“This clearly shows that these agreements have just been made for payment of amounts to Rhiti Sports Management Private Limited Company are sham agreements and made just for making payments to RSMPL,” the report said.